David Yaffe-Bellany reports on the cryptocurrency industry. Jan. 10, 2024Updated 6:06 p.m. ET.

In the cryptocurrency market, savvy investors keep an eye out for opportunities, especially during market dips. Recently, the MVRV (market-value-to-realized-value) ratio, has highlighted several cryptos as significantly undervalued. This raises an intriguing question for seasoned and novice investors whether it is now the time to buy the dip. The Most Undervalued Cryptos The MVRV ratio, […]

In a historic move, the US Securities and Exchange Commission (SEC) has approved the first spot Bitcoin ETF (exchange-traded fund), marking a significant milestone for cryptocurrency in the financial markets. This groundbreaking decision has sent ripples through the crypto market, with the Bitcoin going through volatility and altcoins following suit. SEC Approves First Spot Bitcoin […]

According to an analyst, Ethereum (ETH), a leader in decentralized applications (dApps), will likely increase by over 20% soon. Meanwhile, other altcoins including Celestia (TIA) and Web3 funding project, Borroe Finance ($ROE) are attracting massive attention. >>BUY $ROE TOKENS NOW<< Ethereum’s Potential Rally Being the first blockchain-based platform for the development of smart contract-based applications, […]

Ethereum, the second-largest crypto by market capitalization, is currently exhibiting signs of a bullish breakout, as observed by two prominent analysts in the crypto space. According to World Of Charts, Ethereum shows consolidation within a bullish pennant pattern. This technical formation typically suggests continuing an upward trend in Ethereum’s case. According to the analyst, if […]

Cosmo Jiang, a portfolio manager at digital assets-focused hedge fund Pantera Capital, is highlighting one crypto project that could witness an explosion in activity this year. Stacks (STX) aims to enable smart contracts and decentralized finance (DeFi) applications on Bitcoin (BTC). The project’s native token, STX, is up nearly 95% in the past month. Jiang […]

Banking giant Standard Chartered thinks Bitcoin (BTC) could potentially soar to $200,000 by the end of 2025. In a new research note, Standard Chartered analysts predict $50-100 billion worth of cash will flow into spot Bitcoin exchange-traded funds (ETFs) in the US this year, unlocking massive potential gains for the top crypto asset by market […]

Ripple has recently faced heightened selling pressure, propelling the price below a crucial support region that includes the wedge’s lower boundary and the 100-day and 200-day moving averages. However, a completed pullback has recently emerged, confirming the validity of the breakout. XRP Analysis By Shayan The Daily Chart The daily chart reveals a pronounced drop […]

Ethereum showing some growth, but Bitcoin’s strength remains unmatched

On Tuesday afternoon, the official X (formerly Twitter) account of the Securities and Exchange Commission (SEC) posted a much-anticipated tweet: “Today the SEC grants approval for Bitcoin ETFs for listing on all registered national securities exchanges.” However, it was a false announcement as the SEC X account was hacked. SEC Failed to Secure Its X […]

In a remarkable turn of events, bears traders have reportedly liquidated short positions worth nearly $150 million. This massive liquidation comes in anticipation of the approval of a Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC). The crypto market has been buzzing with anticipation as the SEC nears its decision to […]

… cryptocurrency. The Securities and Exchange Commission (SEC) later deleted the post and said its account had been "compromised". The social media …

Crypto analyst Benjamin Cowen believes that Ethereum (ETH) is about to collapse against Bitcoin (BTC). In a new strategy session, Cowen tells his 789,000 YouTube subscribers that the ETH/BTC ratio is likely repeating a historical pattern and might soon lose a key support level. “I’m not saying it can’t ever bounce, and if it does […]

Former U.S. Securities and Exchange Commission (SEC) chairman Jay Clayton is bullish on the prospects of a spot Bitcoin (BTC) exchange-traded fund getting approved. Clayton says in a CNBC interview that the greenlighting of a spot Bitcoin ETF by the SEC is “inevitable”. “I think there’s nothing left to decide… I credit the SEC for […]

In a historic move that sets a precedent for decentralized autonomous organizations (DAOs), 1inch DAO, the entity behind the 1inch Network, has voted to secure “legal advisory services” from STORM Partners. Notably, this decision comes amid growing regulatory scrutiny on the crypto and decentralized finance (DeFi) sectors. 1inch DAO Votes To Onboard STORM Partners For […]

ASIC plans to intensify enforcement in 2024 across sectors like crypto, financial services, and AI, targeting exploitative practices and potentially inspiring new regulations. The watchdog faces criticism for failing to alert the public about HyperVerse’s risks, a scheme exposed by The Guardian as a Ponzi operation with a fictitious CEO. This and recent ETF fake […]

The crypto industry remains poised in anticipation of the approval of the first spot Bitcoin exchange-traded fund (ETF) in the United States. The fake news following an SEC social media account hack caused a BTC price pump and dump and a torrent of speculation. On January 9, the X account for the US Securities and […]

Crypto bulls are betting on Web3 as the internet evolves into its next stage. Immutable (IMX) and Elrond (EGLD) are a few coins that are preparing to become major players in the Web3 space. However, a new project, Pullix, has entered its 6th presale stage and is gearing up to take market share in the […]

How long is rise of Solana (SOL) going to last?

The fake announcement of the approval of the Bitcoin exchange-traded fund (ETF) resulted in the liquidation of nearly $90 million worth of Bitcoin long and short positions in less than an hour yesterday (Thursday). Opportunistic Traders Paid a Heavy Price According to Coinglass data, opportunistic traders opened over 500 million in futures positions within ten […]

Several firms have recently reduced their proposed fees, as revealed in the latest versions of their S-1 forms submitted to the U.S. Securities and Exchange Commission. This is in response to the ongoing industry competition, amplified by the anticipation surrounding the U.S. Securities and Exchange Commission’s (SEC) decision on spot Bitcoin ETFs. Spot Bitcoin ETF […]

January 9, 2024 – Granite City, United States In the fast-paced world of digital marketing, the integration of NFTs marks a significant turning point. Leading this innovative wave is Payvertise with its PVT token, ushering in a new era where transparency and engagement are not just goals – but realities. This movement isn’t just about […]

Crypto advocacy group Blockchain Association has responded to a letter from Elizabeth Warren that the Senator wrote to the group in December, alleging that the digital assets industry was trying to undermine the government by recruiting former US lawmakers and officials. In December, Warren referred to a Politico report that claimed that the Blockchain Association […]

Cryptocurrency enthusiasts are on tenterhooks as the SEC is expected to decide later this week whether to approve spot bitcoin ETFs, in what would be …

In a significant turn of events, according to The Block, Akash Khosla, a co-founder who parted ways with Evmos, has reached an agreement to return 59.4 million tokens, equivalent to $7.6 million, to the Evmos Foundation, a blockchain within the Cosmos ecosystem. This action aims to realign the token distribution, focusing on Evmos’ current team […]

The Grayscale Bitcoin Trust (GBTC), recognized as the largest Bitcoin fund globally, has seen a significant decline, reaching its lowest level since April 2021. On Monday, this discount stood at a low of 5.6%, a level not seen since June 2021. Since February 2021, the fund has traded at a discount, peaking near 50% in […]

Bitcoin price jumped toward $48,000 after the hacked SEC account tweet. BTC trimmed all gains, but the uptrend support is still intact near $45,200. Bitcoin spiked toward the $47,800 and $48,000 resistance levels. The price is trading above $45,500 and the 100 hourly Simple moving average. There is a major contracting triangle forming with resistance […]

Find out what happened in the world of crypto over the weekend with U.Today’s news digest

BlackRock and Ark Investment Management’s recent move to slash fees for their planned spot bitcoin exchange-traded funds (ETFs). BlackRock’s iShares Bitcoin Trust has lowered its fee from 0.30% to 0.25%, while Ark 21Shares Bitcoin ETF reduced its fee to 0.21% from the initial 0.25%. BlackRock and Ark submitted the revised filings to the regulator shortly […]

Top US crypto exchange Coinbase is in the process of launching digital asset derivative products in “select countries” in the European Union (EU). The exchange notes in a recent announcement that it’s acquiring a European Union Markets in Financial Instruments Directive (MiFID) licensed entity based in Cyprus. Coinbase says the entity would expand its derivative […]

A widely followed crypto analyst is saying that one Ethereum-based (ETH) altcoin is dangerously close to flipping bearish. Pseudonymous crypto strategist Rekt Capital tells his 385,900 followers on the social media platform X that decentralized oracle provider Chainlink (LINK) has to hold a key support level of around $13.57 to remain in an uptrend. “Chainlink […]

Artificial intelligence (AI) cryptocurrency tokens are emerging as a clear favorite for investors in recent times, according to cryptocurrency exchange Binance. “Interest in artificial intelligence (“AI”) has experienced an upswing in the last few months, as evident by Google search trends and soaring AI-related token prices,” the report stated. AI Crypto Tokens Driven by Online […]